Franchise Spotlight: Hotels
Whether you’re looking to run a hotel or an online booking platform, a franchise is the way to go.
When it comes to choosing a hotel, a growing number of people are looking for a brand name that they trust. Buying a franchise will mean that you can immediately gain a following of people who are familiar with the parent company and the standard that they demand of their franchisees.
Choosing a place to sleep has a few criteria for customers like the noise levels, cleanliness, bed and bedding quality and the services and facilities available. That is why this sector takes so well to the franchising model.
Franchises in this sector also cover hotel booking services and travel agencies. These businesses also benefit from trust. Online booking franchises also have low-overheads and function by taking fees from hotel operators.
The structure of hotel franchises
Becoming a franchisee will allow you to take advantage of the training, support and marketing of a recognised brand and parent company. You will also get support with insurance and compliance.
Furthermore, as a franchisee, you will benefit from economies of scale and offer your customers better services and facilities at lower rates.
When looking for the right franchise to invest in, take into consideration the capital that will be made available to you to set up and decorate as this can be a hefty expense. You will also need to train all your staff to the highest standard.
A hotel franchise involves large premises, extensive facilities and a large staff. It is usually more expensive than many franchises – but profits are potentially large too.